Drata, a San Diego, CA-based security and compliance automation company, raised $25M in Series A funding.
The round was led by GGV Capital, with participation from new investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund, along with several strategic investors and security practitioners.
The company intends to use the funds to hire across key go-to-market functions and expand the platform beyond SOC 2 into ISO 27001, the European compliance counterpart, as well as additional security frameworks.
Formed in 2020 by Adam Markowitz, Daniel Marashlian, and Troy Markowitz, who had with their first venture, Portfolium, acquired by Instructure in 2019, Drata provides a platform for companies to achieve and maintain continuous compliance through automated security control monitoring and evidence collection. Current customer base includes hundreds of companies across various industries, including Clearco, SmartRecruiters, The Good Face Project, 360 Insights, and Trust & Will.